Resolution 5 proposes updates and extensions to the definition of Insolvency Event in the SPL Articles and clarifies the process in the event that a Member which is the subject of an Insolvency Event is required to transfer its share in the Company.This quote is hidden because you are ignoring this member. Show Quote
The first part of this resolution amends the wording of what constitutes an Insolvency Event under SPL rules.
The second part is designed to bring clarity to what is required for a share transfer to take place.
Resolution Five requires the approval of 11 of the 12 member clubs.
View Poll Results: What is your attitude to a new "Rangers" entering at Div1?
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Opposed - and will walk away from Scottish professional football
537 52.85% -
Opposed - but will continue to support the game.
454 44.69% -
In favour.
25 2.46%
Results 4,801 to 4,830 of 45185
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12-04-2012 10:37 AM #4801
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12-04-2012 11:02 AM #4802
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Could be that the meeting has been cancelled to allow club boards to meet and discuss the proposals before coming back with their own comments. Looks to me like SPL board have come up with these proposals in an attempt to split the 10.
By the way should have seen this coming- Scotsman 14/02/2012
A new “phoenix” Rangers would be created, perhaps going under the name “Glasgow Rangers” as this is not incorporated in their official name, and the headaches would begin for the rest of Scottish football.It is a decision of the six-strong SPL board “on which basis the transfer of a league share” is allowed. By rights, a new Rangers should apply for SFA and SFL membership and join the Third Division. Celtic, from the noises made by chief executive Peter Lawwell would push for an outcome that would retain the SPL’s sporting integrity. However, with television deals and sponsorship contracts sold on the basis of a playing top-flight rivalry between the country’s big two, it is doubtful if the board, as a whole, would risk destabilising the finances of the entire SPL.
It is expected that a three-year points penalty, in the region of 15 points per season, would be pushed for, both in terms of a fairness rebalancing and a deterrent of sorts to others. The three-year period would also be in line with the probability a new Rangers would not be allowed to play European football for three years.
Rangers might not just be in the process of running themselves down – they may be taking Scotland’s top flight, and the country’s footballing reputation, with them.
Really makes you wonder what Lawwell's definition of integrity is
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12-04-2012 11:46 AM #4803
I'm just about to re-new my season tickets to get the Early Bird benefits but I was just wondering if Rod paps der Hun out of the SPL is he doing it so he will not need to give me free tickets? If thats the case I'd be happy to pass on Celtc tickets if he could get rid of them as well.
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12-04-2012 11:52 AM #4804
Whilst I understand and respect the views of those who say that they will stop attending SPL matches and/ or not renew their ST if these proposals go ahead, I cannot agree.
The effect would be to punish our club and cause a serious financial predicament, though no fault of the club. We need to stick together at this time and do everything we can to demand change but, please, let's not kill off the club that we love in doing so.
GGTTH
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12-04-2012 12:02 PM #4805
Just for clarification ..... if the resolutions (or the key controversial one(s) ) have to be passed by an 11 - 1 vote, does it not just take 2 of the Clubs to vote against it to kybosh the proposed resolution(s)?
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12-04-2012 12:03 PM #4806This quote is hidden because you are ignoring this member. Show Quote
Although i wouldn't finish with hibs for good i certainly wouldn't renew my season ticket and would just pick and choose what games i go to
Football fans are disillusioned with the game as it is, this would be the final straw for many
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12-04-2012 12:06 PM #4807This quote is hidden because you are ignoring this member. Show Quote
So Rangers are in default to Hearts, Rapid, Man City, Chelsea, etc as detailed in the Duff and Phelps document.
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12-04-2012 12:14 PM #4808
http://www.hibs.net/showthread.php?2...77#post3176277
We've created a site called SPL Fan Surveys to get our opinions and voices known, we won't be ignored, we'll work to get support from everyone no matter their team.
Please check the thread and get it out there!
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12-04-2012 12:19 PM #4809This quote is hidden because you are ignoring this member. Show Quote
It only takes two clubs to stop this proposal dead in it's tracks.
Hibs need to be one of them or I will withdraw my support. I won't be the only one.
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12-04-2012 12:26 PM #4810
Being Hibs is part of my identity, would be strange not supporting Hibs anymore
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12-04-2012 12:28 PM #4811This quote is hidden because you are ignoring this member. Show Quote
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12-04-2012 12:29 PM #4812This quote is hidden because you are ignoring this member. Show Quote
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12-04-2012 12:31 PM #4813
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It appears that Vlad was right after all.
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12-04-2012 12:31 PM #4814
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They haven't even drafted these resolutions properly:
Resolution 2A proposes further sporting sanctions in the event that any Club undergoes an Insolvency Transfer Event (i.e. transfers its share in the SPL to a new company where this occurs because of the insolvency of the transferor) of 10 points in each of two consecutive seasons from the Insolvency Transfer Event.
Resolution 2B proposes revisions to the fee payment arrangements i.e. SPL fees to any Club which has undergone an Insolvency Transfer Event will be reduced by 75% in each of three consecutive seasons from the Insolvency Transfer Event.
These sanctions are placed on the Club which undegoes the Insolvency Transfer Event (ie the Huns) and not the new company to which its SPL share is transferred (ie Hun NewCo), so completely useless...
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12-04-2012 12:33 PM #4815
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12-04-2012 12:36 PM #4816
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12-04-2012 12:37 PM #4817This quote is hidden because you are ignoring this member. Show Quote
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12-04-2012 12:42 PM #4818
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12-04-2012 12:45 PM #4819
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12-04-2012 12:49 PM #4820This quote is hidden because you are ignoring this member. Show Quote
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12-04-2012 01:06 PM #4821This quote is hidden because you are ignoring this member. Show Quote
In truth the resolutions need to be considered individually because some are reasonable measures while others are clearly designed purely to save the huns.
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12-04-2012 01:12 PM #4822
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I hate them as much as the next man by the way but I don't see much in this in terms of making it easier for them. If anyhting there are now clear sanctions that would be applied in the event that the SPL did vote them back in. Sanctions that don't exist right now, but the voting back in does.
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12-04-2012 01:13 PM #4823
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Crap blog ("mutually exclusive"? Why?) but some interesting comments below.
I thought comment number 1 was very clear.
http://www.bbc.co.uk/blogs/jimspence...ls_provok.html
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12-04-2012 01:15 PM #4824
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More from the man at Channel 4
http://blogs.channel4.com/alex-thoms...aying-owe/1114
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12-04-2012 01:18 PM #4825This quote is hidden because you are ignoring this member. Show Quote
...I'm clearly not going to get any work done today...
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12-04-2012 01:29 PM #4826This quote is hidden because you are ignoring this member. Show Quote
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12-04-2012 01:36 PM #4827
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I don't see how by acknowledging the concept it makes it any easier to get through the vote you would need to transfer the share. As it stands the transfer could take place anyway, and we'd all be only too aware that it happened due to insolvency.
The only thing I can think of to suggest this makes it easier for them is that the clubs are thinking about the sanctions and making sure they are there, therefore it must be on their minds to let them back in. To be honest I think that is the case anyway, without these changes, so at least this and other financial issues would now have a clear avenue to action sanctions.
As I said above I don't want them back in but I think the reaction to this is a bit wide of the mark. There's plenty here that has big implications for Hearts in particular.
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12-04-2012 01:53 PM #4828This quote is hidden because you are ignoring this member. Show Quote
I agree about the implications for Hearts which is why I'm stressing that each proposal needs to be considered on its own merits.
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12-04-2012 03:34 PM #4829
All is not lost for Rangers:
http://www.bbc.co.uk/sport/0/football/17678447
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12-04-2012 03:38 PM #4830
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If a NEWCO was formed it does not bear the debts of the oldco-after all that's the whole point.Therefore the idea that somehow a NEWCO would take on the sanctions earned by the oldco is unsustainable and would obviously lead to legal challenge which it will win.There is absolutely no way that a court will allow a NEWCO to be financially punished for something it has not done-apart from anything else there is the human rights position.Of course this could be part of the SPL plan to pretend that they are punishing Rangers when they will be doing nothing of the kind.
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